Waterloo Point of view: Bank of China pay attention to its subscription card

July 8, 2009, Hong Kong stocks were dragged down by a slump in U.S. stocks, the Hang Seng index, after opening more than 200 points, continued downward, at a time falling through 50-day lines 17,574; the afternoon was boosted by a a-share dip, with the index narrowing, closing at 17,721 points, a decrease of 0.79% and a slight increase in the market to HK $57 billion. On the US side, stocks rallied overnight after a surge in demand for new Treasury bonds, which rose 0.18% and 0.06% respectively, while the S & P 500 index fell slightly by 0.17%. The ADR did not follow the U.S. stock rally, on the contrary, the heavy shares of HSBC Holdings fell more than Hong Kong's closing price of 1.82% to HK $61.8.　　The early segment of the stock Hong Kong will be affected by this low. A preliminary report by the PBoC's investigation and Statistics Division was that June yuan loans for financial institutions increased by $1.5 trillion from last month, with deposits of 2 trillion yuan added last month. From the data, the June increase in new loans has been a foregone conclusion, the Chinese bank shares will be the direct beneficiaries. Bank of China (03988.HK) after more than a few trading days after the decline, the early profit back to vomit plate has been more fully released, the stock price after adjustment is expected to resume the wave.　　From the technical perspective, yesterday's share price fell near the 3.42 yuan in the vicinity of Brin Channel has seen funds to copy the bottom, the material short-term continue to bottom of the opportunity is small. If you are optimistic about the bank can pay attention to the subscription card 16811, the exercise price of 3.8 yuan, expires in early November 09; Remind investors that the risk of the investment warrants is huge, can lead to the total loss of principal.